Cambodia’s GDP per capita to hit $1,130 in 2014, says prime minister

Cambodia’s GDP per capita is expected to reach $1,130 this year, an estimated increase of 8 per cent from $1,043 last year, Prime Minister Hun Sen said on August 18.

The nation’s poverty rate had fallen from 53 per cent in 2004 to 19 per cent in 2013, he said during a food security and nutrition conference.

“Cambodia stands at number 5 among developing countries that can achieve the Millennium Development Goal earlier than the United Nations-imposed 2015 target,” he said.

The prime minister added that Cambodia set its long-term vision to become an upper-middle income country in 2030 and a high-income country in 2050.

According to the World Bank’s classifications, an upper-middle income nation is defined by the GDP per capita between $4,036 and $12,475, while a high-income country is determined by the GDP per capita of $12,476 or more.

Cambodia’s GDP per capita is expected to reach $1,130 this year, an estimated increase of 8 per cent from $1,043 last year, Prime Minister Hun Sen said on August 18.

The nation’s poverty rate had fallen from 53 per cent in 2004 to 19 per cent in 2013, he said during a food security and nutrition conference.

“Cambodia stands at number 5 among developing countries that can achieve the Millennium Development Goal earlier than the United Nations-imposed 2015 target,” he said.

The prime minister added that Cambodia set its long-term vision to become an upper-middle income country in 2030 and a high-income country in 2050.

According to the World Bank’s classifications, an upper-middle income nation is defined by the GDP per capita between $4,036 and $12,475, while a high-income country is determined by the GDP per capita of $12,476 or more.